PRINCIPLES OF MANAGEMENT

1. HENRI FAYOL'S
PRINCIPLES OF
MANAGEMENT
Prepared by
Prof. Ravneet Kaur

2. Background
 Henri Fayol was born in Istanbul in 1841.
 When he was 19, he began working as an engineer at a
large mining company in France.
 He eventually became the director, at a time when the
mining company employed more than 1,000 people.
 Through the years, Fayol began to develop what he
considered to be the 14 most important principles of
management. Essentially, these explained how
managers should organize and interact with staff.
 In 1916, two years before he stepped down as director,
he published his "14 Principles of Management" in the
book "Administration Industrielle et Générale.“

3. Principles of Management
 Division of Work
 Authority and Responsibility
 Discipline
 Unity of Command
 Unity of Direction
 Subordination of Individual Interest
 Remuneration
 The Degree of Centralization
 Scalar Chain
 Order
 Equity
 Stability of Tenure of Personnel
 Initiative
 Esprit de Corps

4. Thank
you